Requirement 1. Record the transactions directly in the T-accounts without using a journal. Use the letters...

  

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Requirement 1. Record the transactions directly in the T-accounts without using a journal. Use the letters to identify the transactions. (a) Lisa Alstead opened a law firm by investing $15,500 cash and office furniture valued at $7,600. Organized as a corporation, the business issued ordinary shares to Alstead. (Post the first transaction in the T-account below. Do not post the second transaction until after you have checked your answer and continued to the next step. Leave unused cells blank.) : Cash Office Furniture Share Capital Requirement 1. Record the transactions directly in the T-accounts without using a journal. Use the letters to identify the transactions. (a) Lisa Alstead opened a law firm by investing $15,500 cash and office furniture valued at $7,600. Organized as a corporation, the business issued ordinary shares to Alstead. (Post the first transaction in the T-account below. Do not post the second transaction until after you have checked your answer and continued to the next step. Leave unused cells blank.) : Cash Office Furniture Share Capital

Answer rating: 100% (QA)

Solution a Bal 8900 a 7600 C Bal dj Bal 7600 cash 15500 b d Bal f Office fur... View the full answer